Monolithic Power Systems (MPWR) will raise its quarterly dividend by 25 percent to 75 cents quarterly in 2022. This follows a dividend hike of 20.0 percent to 60 cents per share in 2021. The semiconductor power solutions company has now raised its annual dividend for 5 straight calendar years, with a dividend increase of 20% or more every year.
The first quarter dividend of $0.75 per share will be paid on April 15, 2022 to all stockholders of record as of the close of business on March 31, 2022.
Monolithic Power Systems will now pay its shareholders a total dividend of $138 million annually according to calculations by dividendhike.com. In the last seven years MPS has announced a double digit dividend hike 6 times, including in the last 5 years.
Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company has paid a dividend to shareholders every year since 2014.
2022